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Question: How long until 70K (credit: Heslo)
1 week - 20 (19.4%)
1 month - 64 (62.1%)
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the top is in - math and science confirms it - 17 (16.5%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25264908 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
r0ach
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July 25, 2017, 08:48:59 AM

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

There's no reason for any common man off the street to support bitcoin unless he can mine it himself.  Supporting bitcoin at this juncture simply means helping Jihan Wu and a handful of other monopolies become richer.  Bitcoin would likely have already died if it wasn't for altcoins that could be mined then converted to BTC, otherwise the ecosystem would be entirely walled off.
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edgar
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July 25, 2017, 08:55:54 AM

you must really really love us a lot to spend so much time, energy & effort trying to save us all from our own stupidity & ignorance 24/7.

none of my parents, siblings or mates have ever shown such enduring consideration.

will you adopt me?

#baggage!
marcus_of_augustus
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July 25, 2017, 09:11:36 AM

Price is going lower again
What happend?
Small drop i know But just asking Why aint we going forward

... looks like the hard-fork-now fail army are back out on the intertubes doing the FUDster rounds again.

Everytime they show up with latest hard-fork-now FUD price dumps. They probably don't realise they are tools (useful idiots) of the bankster players.
Last of the V8s
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July 25, 2017, 09:12:48 AM

https://twitter.com/timpastoor/status/889769689458585600
I figured we'd all enjoy an updated version of Bitcoin's development visualization. Dramatic music for effect. https://youtu.be/kyi8ac4jrOs
-actually, the music is frightful
r0ach
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July 25, 2017, 09:27:16 AM

Price is going lower again
What happend?
Small drop i know But just asking Why aint we going forward

... looks like the hard-fork-now fail army are back out on the intertubes doing the FUDster rounds again.

Everytime they show up with latest hard-fork-now FUD price dumps. They probably don't realise they are tools (useful idiots) of the bankster players.

As opposed to the other useful idiots who hype blockchains where every transaction is traced and monitored - the ultimate Orwellian police state dream - while also helping in the banker's goal to eradicate cash from society so they can then control the remaining digital infrastructure and turn everyone into a slave instead of people just using gold and silver to defeat them?  Did you mean those other useful idiots?
chesthing
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July 25, 2017, 09:39:46 AM

Roach, you went from the biggest bitcoin shil to the biggest troll.
It's really obvious you shorted, hope it wasn't on margin.  Shocked
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July 25, 2017, 09:41:47 AM

Price is going lower again
What happend?

Because the sheklers at Goldman Sachs told people to buy bitcoin with both hands, which means it's probably going to 12 cents:

http://www.zerohedge.com/news/2017-07-24/goldman-nervous-bitcoin-traders-be-patient-next-surge-will-take-it-above-3600

yup, lots of good news, so final chance of selling manipulation for buying 'cheap coin'

http://www.nasdaq.com/article/ledgerx-gets-us-approval-for-derivatives-on-digital-currencies-20170724-01338

Sounds huge!

Here as well

http://www.reuters.com/article/us-usa-cftc-digitalcurrency-idUSKBN1A92FZ
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July 25, 2017, 09:46:08 AM

LedgerX has 11 million usd in collateral.  Undecided

also Ethereum hacked 4th time this month ~8 million usd. can't be bothered to link cos who cares at this stage

bonus http://www.phneep.com/projects/bitcoin-propaganda/
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July 25, 2017, 09:48:42 AM


Yeah, but this was before I'd seen about the fork in Bitcoin. Wishful thinking with tin foil hat would be that the synchrony of the fork and the LedgerX are a conspiracy to create one last buying opportunity. Feet on the ground thinking would be that we're heading DOWN
marcus_of_augustus
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July 25, 2017, 09:55:32 AM

Did you mean those other useful idiots?

Have no idea what you're babbling about brother ... bitcoin's a level playing field for anybody who wants to run and smart enough to hide, they need to be quick or dead ... and anybody who wants to hunt needs to have a sharp eye or they go hungry. Math is the final arbiter for honesty in cryptography.

... and kind of sad to see a useful idiot for the central bank gold holdings pumping in a bitcoin forum. You seem really, really, lost.
El duderino_
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July 25, 2017, 09:58:18 AM

ANALYSIS: WHY AUGUST 3rd?
(micgoossens's prediction game)

Preliminaries. (Remarks, confessions.)
Any attempts at analysis for dates so far in the future can't be based on TA in the sense of shoulders, cups and double inverted Batmans. Even if it were a full Cow-and-Shepherd (one of the longest TA patterns), it wouldn't start before July 31st. We know the thing with crypto timings: a stock market's week is worth around a crypto halfday. So the analysis must be based on purely qualitative reasoning, no graphs or stuff.

Honestly, I would have preferred to choose Aug 4th: the time frame I am picturing in my mind is one day longer than what I bet on. Well, I'll work with what I have.

The Analysis.
August 1st will be inconsequential. Y2K, if you see what I mean. However, a few weak hands could and probably will be shaken. What this means is that later, as the price starts to run up - gingerly at first - those who panic sold or missed out the discounts will queue up for more - at a, ehm, slightly higher price of course. I'm not sure about the timing after August 1st, but I liked the 4th because it's Friday. Saturday and Sunday is bull-uga party (dolphins are whales too, as we all know). However, Aug 4th was taken, so I had to settle on the 3rd. I guess the cetacea will have to drink their champagne before the weekend breaks. The timing wasn't that crystal clear in my mind anyway.

TL;DR.
Fear of Aug 1st dissipates slowly while the wounded lick their wounds. New week, new life starting on Friday Thursday.



Sounds Good 
Let see to 3th of August
r0ach
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July 25, 2017, 10:03:36 AM

As opposed to the other useful idiots who hype blockchains where every transaction is traced and monitored - the ultimate Orwellian police state dream - while also helping in the banker's goal to eradicate cash from society so they can then control the remaining digital infrastructure and turn everyone into a slave instead of people just using gold and silver to defeat them?  Did you mean those other useful idiots?

Have no idea what you're babbling about brother ... bitcoin's a level playing field

A level playing field if you first purchase an ASIC from Jihan Wu, which allows Jihan Wu to build 10 ASIC of his own for each ASIC you buy from him?  This is fake news.

David48l
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July 25, 2017, 10:11:02 AM

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

There's no reason for any common man off the street to support bitcoin unless he can mine it himself.  Supporting bitcoin at this juncture simply means helping Jihan Wu and a handful of other monopolies become richer.  Bitcoin would likely have already died if it wasn't for altcoins that could be mined then converted to BTC, otherwise the ecosystem would be entirely walled off.

But what do you say ?, what gives value to bitcoin is its usability, people buy as an investment and barely know how it works, you think they are going to put to mine? LOL. If bitcoin did not have core 4 and 5 dollar commissions many more stores would use it, more value, more people, more stores, the exponential price. But the core company is not interested
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July 25, 2017, 10:14:41 AM

[...] a 2mb hardfork seems pretty unlikely to take place in the coming couple of years [...]

Really? No.
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July 25, 2017, 10:21:37 AM

As opposed to the other useful idiots who hype blockchains where every transaction is traced and monitored - the ultimate Orwellian police state dream - while also helping in the banker's goal to eradicate cash from society so they can then control the remaining digital infrastructure and turn everyone into a slave instead of people just using gold and silver to defeat them?  Did you mean those other useful idiots?

Have no idea what you're babbling about brother ... bitcoin's a level playing field

A level playing field if you first purchase an ASIC from Jihan Wu, which allows Jihan Wu to build 10 ASIC of his own for each ASIC you buy from him?  This is fake news.



Amidst tons of doubtful bearsh*t, here's a grain of truth from our c*ckroach. I wouldn't use the phrase "fake news" for that anyway, since it's not news but fact/opinion.
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July 25, 2017, 10:27:39 AM

ANALYSIS: WHY AUGUST 3rd?
(micgoossens's prediction game)

(SNIP)
TL;DR.
Fear of Aug 1st dissipates slowly while the wounded lick their wounds. New week, new life starting on Friday Thursday.



Sounds Good 
Let see to 3th of August

Glad you like it  Grin
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July 25, 2017, 10:35:43 AM

What the hell is going on with the BTC again? Just dipped below 2600 ...?
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July 25, 2017, 10:51:25 AM

I don't think I'm winning micro's ATH game.
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July 25, 2017, 10:58:38 AM

What the hell is going on with the BTC again? Just dipped below 2600 ...?

The bitcoin price is lagging like hell. From almost $3000 to $1900 to $28xx and now around $2600. August 1 effect?
Reminder : control your coins people (have your private keys).
B1tUnl0ck3r
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July 25, 2017, 11:07:53 AM

What the hell is going on with the BTC again? Just dipped below 2600 ...?

The bitcoin price is lagging like hell. From almost $3000 to $1900 to $28xx and now around $2600. August 1 effect?
Reminder : control your coins people (have your private keys).

let's see...



Contrary to the segwiters beliefs, it seems that the market would have preferred a 10mb block.

segwit sucks. One chain, 10mb, then when at 80% sustained capacity add one 0.
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